Term Deposit

Scheme NameScheme Description
Kisan Vikas Patra L SAVINGS CERTIFICATE / OTHER BANK FDR LOAN Kisan Vikas Patra/National Savings Certificate/ Other Bank FDR amount is 80% of principle and period up to FDR maturity. Interest Rate Is 17%. Penal Rate Is 2 % , Process, Security And Building Fund 1%.Resp
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Also providing following facilities shortly:

Tie up with IDBI Bank for issuance of Demand Drafts: This facility will be helpful for issuing demand drafts on approximately 500 centers of IDBI Bank. In this facility we can issue the demand drafts to the customer having special demand for Nationalized Banks demand drafts for payment of custom etc.
NECS( National Electronic Clearing System): In this system the ECS file will be uploaded centralized at MRO. Initially only the credit transactions will be uploaded. The settlement cycle for the same is one day only.